Friday Q&A: 3 Simple but Important Pieces of Advice for First-Time Entrepreneurs
Every Friday, we’re answering your questions about business, startups, customer success and more.
Happy Friday!
This week’s question comes from Stephen, who asks:
I’ve given this question a lot of thought over the last few years, and truly, there are hundreds of lessons that I’ve learned that I wish I knew when I started.
Really, that’s how this blog started. I wish I could’ve read every single post on day one.
But many of the lessons are from mistakes that need to be made to truly learn from.
If I had to pick three pieces of advice that have made a massive impact on me and that anyone can implement as a first-time entrepreneur, it’d be these:
1) Talk to your customers every single day. It doesn’t matter how busy you are, this is priority #1. If you don’t, you’ll lose sight of your product, what people really want from it, and whether or not you’re delivering that.
2) You don’t get what you don’t ask for. Partnerships, discounts on expensive software, guest blog posts…none of these happen without you having the courage to ask for what you want. And if you can’t afford something, don’t be afraid to get creative about it.
More on asking for things and being creative.
3) Make time to learn new things. Read. Understand every part of your business, even if it’s not your “job.” For example, you may be farming out accounting, but understanding what your accountant is doing will help you pick the best vendor for the job and just understand your business more deeply overall.
More on reading (books and blogs).
What about you? What do you wish you could tell yourself when you were first starting? What do you wish you could tell any first-time entrepreneur?
Let me know in the comments below.
5 Approaches To Total Quality Management
If you’re operating a small business, you’re always thinking about how to make your product or service as good as it can be. And you’re putting the best of those ideas into action. But are those changes having a tangible impact on customer satisfaction? Are there other areas where your resources would be better spent? […]
Becoming an Entrepreneur: How I Started My Very First Business with Just $300
My story of becoming an entrepreneur—and how I nearly lost everything on the very first day. “BOOM.” The vehicle shook, and I startled. “What the hell was that?,” I thought. And then, as my little car slowed to a crawl, and then to a stop, my excitement turned to a sigh of irritation as I […]
